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Month in a Minute: Top Headlines from the Indian Renewable Sector in September 2023

Here is a recap of important headlines from September 2023: Solar open access installations grew by 24% in the second quarter of the calendar year 2023 compared to the...

October 3, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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UK Grants CfDs for 3.7 GW of Clean Energy Projects in Fifth Round

The United Kingdom has announced the allocation of Contracts for Difference (CfDs) to 95 new renewable energy projects, securing a substantial 3.7 GW of clean energy...

September 11, 2023

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Arjun Joshi

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Other

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Renewable Energy
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India’s Cumulative Wind Capacity to Touch 63 GW in the Next Four Years: Report

India is likely to have a cumulative wind energy capacity of 63.6 GW, with a potential range spanning from 59.3 GW to 68.1 GW, by 2027, which is currently 41.9 GW,...

August 30, 2023

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Rakesh Ranjan

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Other

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Wind
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Parliamentary Panel Asks MNRE to Expedite Efforts to Repower Old Wind Turbines

The Parliamentary Standing Committee on Energy has urged the Ministry of New and Renewable Energy (MNRE) to expedite the approval and implementation of the revised...

August 8, 2023

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Arjun Joshi

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Markets & Policy

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Wind
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US Finalises Three Offshore Wind Energy Areas in Central Atlantic

The U.S. Bureau of Ocean Energy Management (BOEM) has announced that it has finalized three offshore wind energy areas (WEAs) in Delaware, Maryland, and Virginia,...

August 3, 2023

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Arjun Joshi

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Markets & Policy

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Wind
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US Announces First Ever Offshore Wind Lease Sale in the Gulf of Mexico

The U.S. Department of the Interior is set to conduct the first-ever offshore wind energy lease sale in the Gulf of Mexico. The move aims to accelerate the deployment of...

July 24, 2023

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Arjun Joshi

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Tenders & Auctions

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Wind
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Lack of Reliable Financing and Data Affects Cost of Capital for Renewables

The International Renewable Energy Agency (IRENA), in a recent report, has revealed a method used to calculate the cost of capital for clean technologies to help...

June 30, 2023

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Gourav Mishra

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Finance and M&A

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Other
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Offshore Wind Reaches Cost Parity with Coal Fueled by China’s Thriving Market: Report

Over the past six months, new-build offshore wind and storage project costs have experienced 2% and 12% reductions, respectively, according to BloombergNEF (BNEF)....

June 19, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Upcoming Auctions May Not Meet UK’s 50 GW Offshore Wind Target by 2030

Energy industry trade association Energy UK has warned that the upcoming Contracts for Difference (CfD) auction will not be sufficient to meet the UK Government’s...

May 9, 2023

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: SECI’s Renewable Trading Revenue at ₹100 Billion in FY23

Central government-owned Solar Energy Corporation of India has earned over ₹100 billion (~$1.22 billion) in renewable power trading revenues in the financial year...

April 25, 2023

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Mercom Staff

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Daily Wrap-up
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Ocean Winds’ Offshore Project in Scotland Secures Finance of $2.4 Billion

Floating offshore wind power solutions developer Ocean Winds announced that its Moray West Offshore Wind Farm in Scotland secured £2bn (~$2.4 billion) of non-recourse...

April 24, 2023

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Gourav Mishra

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Other

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Wind
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TenneT Signs $33 Billion Contracts for Offshore Wind Grid Development

Netherlands-based transmission system operator TenneT has awarded contracts worth around €30 billion (~$33 billion) to four partners to develop and deliver 14 offshore...

April 21, 2023

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Arjun Joshi

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Grid

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Other
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Norway Invites Bids for Developing Offshore Wind Projects of at least 1.5 GW

Norway has invited bids for offshore wind projects worth at least 1.5 GW, which can be expanded by another 2.25 GW depending on the conclusion of the ongoing survey. The...

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US Releases Strategy to Deploy 30 GW of Offshore Wind by 2030

The U.S. Department of Energy (DOE) released its Offshore Wind Energy Strategy, which targets deploying 30 GW of offshore wind projects by 2030 while spurring $12...

March 30, 2023

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Arjun Joshi

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Markets & Policy

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Wind
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EnBW Takes €2.4 Billion Final Investment Decision on Offshore Wind Project

German electric utility company Energie Baden-Wuerttemberg (EnBW) has made its final €2.4 billion (~$2.6 billion) investment decision on He Dreiht, a major wind project...

March 24, 2023

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Arjun Joshi

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Finance and M&A

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Wind

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